World Wealth Reports

Read more about the article Israel Millionaire Migration: A Changing Landscape

Israel Millionaire Migration: A Changing Landscape

For years, Israel has stood out as a rare economic bright spot in a turbulent region. The country’s thriving tech sector, nicknamed Silicon Wadi, along with its vibrant culture, Mediterranean climate, and attractive tax policies, drew ambitious entrepreneurs and investors from across the globe. Between 2013 and 2022, Israel attracted a net inflow of over 10,500 high-net-worth individuals, solidifying its position as one of the world’s top destinations for millionaire migration. However, the outbreak of war in 2023 has dramatically altered Israel’s status as a magnet for the wealthy. In a stunning reversal, Israel flipped from a net inflow of 1,100 millionaires in 2022 to a net outflow of approximately 200 millionaires in 2023. This seismic shift underscores how swiftly conflict can unravel a country’s appeal to the world’s wealthy and globally mobile.   A nation under siege: Israel’s mounting risks The ongoing war has not only shattered Israel’s image…

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Read more about the article Vietnam Millionaire Migration: The Rising Trend

Vietnam Millionaire Migration: The Rising Trend

Vietnam is experiencing a remarkable period of prosperity, with the country’s millionaire population growing by an impressive 98 %over the past decade. Ho Chi Minh City, the nation’s economic hub, is at the center of this wealth boom, fueled by a dynamic business environment and rapid economic development. Today, Vietnam is home to 19,400 millionaires, 58 centi-millionaires, and 6 billionaires — a testament to its economic progress. However, amid this prosperity, a surprising trend has emerged. In 2024, Vietnam is forecast to experience a net out flow of 300 high net worth individuals as the nation’s millionaires seek opportunities abroad. This exodus is driven by a desire for greater economic prospects, access to world-class education and healthcare, and a higher quality of life. The appeal of investment migration For Vietnam’s ambitious entrepreneurs, investment migration has become an attractive option. These wealth creators are looking to expand beyond the domestic market and tap into the…

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Read more about the article World’s Wealthiest Cities Report 2024

World’s Wealthiest Cities Report 2024

Featuring exclusive data including the world’s Top 50 wealthiest cities, and accompanied by expert insights, this informative report published annually by Harley & Associates in partnership with New World Wealth is a must-read for followers of private wealth and investment migration trends — from high-net-worth investors and their advisors, to wealth professionals, and policy makers looking to transform their cities into tomorrow’s wealth magnets. Citizenship By Investment - Harley & Associates (citizenshiphubs.com) and Residence By Investment - Harley & Associates (citizenshiphubs.com) investors must read this updates. Top 50 Cities for Millionaires Top 50 Cities for Millionaires City/AreaCountryMillionaires (USD 1m+)Centi-millionaires (USD 100m+)Billionaires (USD 1bn+)Millionaire growth % (2013 to 2023)New York CityUSA349,5007446048%The Bay AreaUSA305,7006756882%TokyoJapan298,30026714-5%SingaporeSingapore244,8003363064%LondonUK227,00037035-10%Los AngelesUSA212,1004964345%Paris & Île-de-FranceFrance165,0002862312%SydneyAustralia147,0002052034%Hong KongHong Kong (SAR China)143,40032035-4%BeijingChina125,6003474290%ShanghaiChina123,4003223984%ChicagoUSA120,5002902422%TorontoCanada106,3001951825%Milan & LombardyItaly104,5001651520%MelbourneAustralia97,9001121040%FrankfurtGermany94,5001551514%HoustonUSA90,9002581870%Zurich (canton)Switzerland88,4002051020%SeoulSouth Korea82,5001952028%Geneva (canton)Switzerland79,8002441436%DubaiUAE72,5002121578%DallasUSA68,6001251575%MunichGermany68,400851122%MumbaiIndia58,8002362982%Rome & LazioItaly57,60092105%SeattleUSA54,2001301172%ShenzhenChina50,30015422140%AmsterdamNetherlands45,20091933%OsakaJapan43,100695-12%BostonUSA42,900107855%VancouverCanada41,400801050%MadridSpain36,0007488%MiamiUSA35,3001641578%PerthAustralia33,60064828%AustinUSA32,7009210110%HangzhouChina31,60010212125%DelhiIndia30,7001231695%MoscowRussian Federation30,30020723-24%TaipeiTaiwan30,200821541%ViennaAustria29,70070722%Washington, DCUSA28,300881275%BrisbaneAustralia27,20040436%BerlinGermany26,50047530%Nice to ÈzeFrance26,30095925%StockholmSweden24,80064126%GuangzhouChina24,500709110%Tel AvivIsrael24,300821045%DublinIreland24,20043560%AucklandNew Zealand23,40042452%Manchester & TraffordUK23,2006778% Figures for December 2023. Only includes individuals living in each city (residents). Millionaire figures rounded to nearest…

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Read more about the article The Great Wealth Migration Report

The Great Wealth Migration Report

This year is shaping up to be a watershed moment in the global migration of wealth. As the world grapples with a perfect storm of geopolitical tensions, economic uncertainty, and social upheaval, millionaires are voting with their feet in record numbers, seeking greener pastures and safer harbors for their assets and family interests. The conflicts in Ukraine and Gaza, far from being isolated and contained battlegrounds, have drawn in major world powers, and are threatening to escalate into broader regional and possibly even global conflagrations. At the same time, growing polarization and fragmentation across many of the world’s nations is eroding social cohesion more generally, fueling a rising sense of unease and anxiety.   An unprecedented 128,000 millionaires are expected to relocate in 2024, eclipsing the previous record of 120,000 set in 2023. To put this in perspective, it's a 16% increase from the 110,000 who moved to a new…

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Read more about the article The UAE: A Strategic Haven for High-Net-Worth Families

The UAE: A Strategic Haven for High-Net-Worth Families

The UAE has solidified its position as the premier destination for high-net-worth individuals globally, with a projected net inflow of over 6700 millionaires in 2024 — more than any other country in the world. This should not come as a surprise, as the UAE has been a top contender in attracting private capital and talent for quite some time. However, since investment-based migration is increasingly driven by a confluence of economic, geopolitical, and domestic social factors, the UAE provides a reliable, safe, and appealing environment for high-net-worth families. The country's economic resilience, favorable tax policies, and world-class infrastructure, combined with its strategic location and political stability make it an ideal destination for global wealth and investment. There are multiple reasons behind the UAE’s attractiveness, such as premium real estate, investor friendly frameworks, large industrial announcements, and a highly sought-after residence by investment initiative, or Residence By Investment - Harley & Associates (citizenshiphubs.com) Strategic…

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Read more about the article The Harley Private Wealth Migration Dashboard

The Harley Private Wealth Migration Dashboard

Harley & Associate's unique tool for global citizens, investors, wealth managers, and private bankers, with exclusive millionaire migration and wealth data. Access comprehensive, current wealth migration data, updated annually by New World Wealth. Read The Great Wealth Migration Report - Harley & Associates (citizenshiphubs.com) TOP 10 COUNTRY INFLOWS This dataset represents the Top 10 countries globally in terms of projected net inflows of millionaires for 2024. Millionaire migration is a leading indicator of the overall health of a country and its economy. CountryProjected net inflows of millionaires in 2024UAE+6,700USA+3,800Singapore+3,500Canada+3,200Australia+2,500Italy+2,200Switzerland+1,500Greece+1,200Portugal+800Japan+400 These are provisional figures for the full year 2024. They are based on year-to-date HNWI movements to June 2024. Figures are rounded to the nearest 100. ‘Millionaires’ and ‘HNWIs’ refer to individuals with liquid investable wealth of USD 1 million or more. Source: New World Wealth TOP 10 COUNTRY OUTFLOWS This dataset represents the Top 10 countries or territories globally in…

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Read more about the article How to Get a Second Citizenship, Passport, and Golden Visa with Crypto

How to Get a Second Citizenship, Passport, and Golden Visa with Crypto

In today’s interconnected world, the need for global mobility, security, and financial flexibility has never been more important. For many, the path to achieving these goals lies in acquiring a second passport through citizenship by investment (CBI) programs or obtaining a Golden Visa via residence by investment schemes. These programs not only offer a legal route to dual citizenship but also serve as a gateway to a world of opportunities, including the freedom to travel, live, and work in a variety of countries. In this blog, we’ll explore how you can secure a second citizenship and Golden Visa, as well as the benefits of investing in real estate and cryptocurrencies to achieve your global aspirations. What is Citizenship by Investment (CBI)? Citizenship by investment programs allow individuals to acquire citizenship in a foreign country by making an investment in the nation's economy. This process typically involves investments in real estate,…

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Read more about the article 2024: A Watershed Year for Digital Assets

2024: A Watershed Year for Digital Assets

By Jean-Marie Mognetti,   The year 2024 is poised to be a landmark year for the cryptocurrency industry. With the U.S. Securities and Exchange Commission (SEC) granting approval for Spot Bitcoin Exchange-Traded Funds (ETFs), the institutionalization of the asset class has reached a pivotal milestone. This approval is not just a regulatory endorsement; it signifies the maturation of Bitcoin as a legitimate investment vehicle, suitable for inclusion in the portfolios of traditional investors. This move by the SEC is expected to usher in a new era of mainstream acceptance and integration of cryptocurrencies into the global financial system. During the early phases, Bitcoin was not yet recognized as a distinct financial asset. The ecosystem lacked essential infrastructure — there were no custody solutions, regulated exchanges, or trading platforms, and the banking sector largely refused to engage with Bitcoin businesses. The absence of public companies in the cryptocurrency sector further highlighted…

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Read more about the article Crypto High-Net-Worth Individuals: A Multi-Billion-Dollar Opportunity
The Power of Crypto currency and digital wallets. Transforming Industries and Customer Service. A Look into the Future. Yellow Bitcoin icon on smart phone. 3D render

Crypto High-Net-Worth Individuals: A Multi-Billion-Dollar Opportunity

By Henry Burrows A recent study by crypto payments service Triple A found that there are now over half a billion cryptocurrency owners worldwide. That number has attracted a lot of headlines. But the more eye-opening statistic is that an estimated 34% of 24–35 year olds globally own crypto. This age group is by far the largest cohort of crypto holders. Underlining how important crypto is for younger generations, in May 2023, FINRA Investor Education Foundation in the USA released a research study on investment trends among Gen Z, those aged 18–25. The study examined attitudes and behaviors around investing among young people in the USA, the UK, and Canada. The numbers for the UK were stark when it came to cryptocurrencies: 50% of Gen Z investors owned crypto. In the USA, the trends were similar: 55% of Gen Z investors primarily invest in crypto, rising to 57% for millennials. And this adoption is driving…

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Read more about the article The Case for Nation-State Bitcoin Adoption in 2024 and Beyond

The Case for Nation-State Bitcoin Adoption in 2024 and Beyond

By Samson Mow  In 2022 I founded JAN3, a company dedicated to facilitating the journey for new countries looking to step into Bitcoin territory. This was a year after helping with El Salvador’s Bitcoin adoption process. The reasoning was simple: if Bitcoin was to fulfill its promise of becoming the world’s new reserve currency, it would be only natural for nation states to pivot towards it. Since its inception, Bitcoin has been likened to money or a commodity by any number of regulators, yet no matter their outlook, neither of these comparisons frames Bitcoin as an asset that in just a decade has attained similar status to thousand-year-old commodities such as gold or coffee. In 2024, Bitcoin ETFs trade in the same markets as these goods, while presidential candidates in the United States debate its role next to the almighty dollar in contemporary America. Although headlines of “Bitcoin going mainstream”…

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